What: Falabella’s CEO Alejandro González emphasised the company’s resilience and recovery, reporting strong financial results and outlining plans for future growth in key Latin American markets.

Why it is important: Falabella’s successful recovery, marked by a USD 97 million profit in Q3 2024, positions the company to refocus on growth through selective investments, omnichannel leadership, and digital expansion, reinforcing its competitive edge in the region.

Alejandro González, CEO of Falabella, has highlighted the company's financial recovery and operational improvements following a period of strategic reconfiguration. In Q3 2024, Falabella reported profits of USD97 million and an EBITDAR margin of 11.6%, signalling the effectiveness of its recent adjustments. The company is now focused on growth, with plans to invest USD 500 million in 2025, targeting supermarkets, Sodimac expansion, and digital capabilities in key markets like Peru, Colombia, and Mexico. González also stressed the importance of balancing physical and digital retail experiences, noting that over half of online sales are linked to Falabella’s physical stores. Despite challenges in markets like Brazil and Argentina, the company aims to improve profitability without exiting these regions. Falabella has also strengthened its financial position by reducing its debt leverage ratio and is poised for further investment flexibility.

Falabella Group's CEO highlights resilience and strategic recovery